Earnings Preview: Ciena

cien New York, August 31st (TradersHuddle.com) – Shares of Ciena Corporation (NASDAQ:CIEN) are trading lower by -0.79% ahead of its quarterly earnings release. Ciena, the communications network platforms provider is expected to release its quarterly results on September 1st.

Wall Street Analysts consensus calls for a profit of $0.11 a share on $443.25 million revenue.

Ciena estimates have a range of $0.25 a share. The high estimate calls for profit of $0.2 a share and the low estimate is calling for a loss of $-0.05 a share, a year ago for the quarter the company reported $-0.09 a share.

Ciena Corporation (NASDAQ:CIEN) develops and markets communications network platforms. The company offers broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers.

Other companies on the watch on this earnings event are Tellabs, Inc. NASDAQ:TLAB and Juniper Networks, Inc. NASDAQ:JNPR.

Yesterday, Kaufman Brothers said that it expects the company to report inline results for the quarter, with current quarter revenue guidance slightly below consensus. The firm noted that the risk/reward profile is not compelling.

Leave a Reply

Your email address will not be published. Required fields are marked *